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Shell Exploration et Production du Maroc GmbH (SEPM) operates through a local branch and was a non-operating partner in the Tanfit exploration concession (Shell interest 37.5%). In late 2020, SEPM exited the Tanfit concession.

Country Financial Analysis

The statutory corporate income tax rate in Morocco is 10% to 37%, depending on type of activity and level of income.

Shell in Morocco paid no taxes for the year 2020 because of a loss position.

A branch is an office or business presence in a location other than where the corporate entity is established.
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Corporate income tax
This is a direct tax imposed on companies’ profits. It is sometimes levied at a national level but can also be levied on a state or local basis.
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